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of the government. so because there is lesser union representation, you point out the power of workers is diminished. they're paid on averager $6,000 a year less in those states with right-to-work laws. >> yes. >> eliot: that's a huge and dramatic impact. what in terms of job growth has been the lesson learned if any? >> i think what a lot of states it in the south argue is a lot of companies toyota and other companies going to the south because it is cheaper to employ workers there. they're making a lot less and unions are a lot weaker there. however, let's look at some jobs looking at indiana. last january of 2012, there was a lockout of about 500 caterpillar locomotive workers in london, ontario. they were making $28 an hour. the company wanted them to make $14 an hour. they were members of a union. they said no. caterpillar decided to move the jobs to indiana where the workers weren't members of a union and would work for $14 an hour. so sure some of the states get more jobs but the question is it a net overall i
the debt ceiling. it's not even like the government shutdown. you don't necessarily have an enormous market reaction. this is not like the country defaulting on its debt. but it's serious for two reasons. we don't know what the reaction could be. there it is a chance that it could spook the markets. the second thing, the combine pieces of this passage is a combined 4% of the gdp. if they went into affect and remained in affect not just for a couple of weeks but for the full year it's hard to see how the economy avoids a recession next year. it's not guaranteed but it's more than enough to push the economy into a recession. if you go over for a few weeks it's not clear if the damage would be so great. it's hard to see how the economy sacrifice next year healthy if it's not averted in some way. >> eliot: david, that's clearly correct if the entirety of it continueed uninterrupted, but some pieces will occur regardless, other pieces could be remedied, which is why the timing issue and the cataclysm in january 1st has struck me whereme--we'll wait and see if anything happens. ruth, turning to t
's this last group who are willing to compromise and combine their ideologies with governing. it is this group bit by bit who are peeling away the extreme views of the rest of the party. the most important question remains are there enough of them to make a deal and reign in the g.o.p. circus. joining me now charles pierce, writer to esquire and author and host of ring of fire and majority report sam seder. do you feel sorry for john boehner who has all these circus folks with him? >> i don't. >> eliot: shocking to me. >> look, he has--he's trying to maintain his caucus, and you know at the end of the day i don't really invest too heavily about the actual persons of these politicians. the fact that you were talking about lindsey graham who pressureperceived-- >> eliot: i was setting him up to tear him down. >> the point is he's facing re-election. the republican electorate that the republicans have nurtured and grown. they have created frankenstein, i've said it before on this program, and basically they're at the mercy of these people. they created this monster and they can't put it back in t
of having government completely disarm the citizenry. they also had gun control laws. they didn't view the second amendment as a libertarian license for anyone to have any gun anywhere they wanted. >> there were gun control laws way back when, when our founding fathers were drafting these words. what kind of gun limitations were there back then and from the existence of those laws, even if you were an originalist to kind of try to understand and unwrap and figure out what the original drafters meant what could you then discern about the capacity to pass current gun control laws. one thing we know is that the founding fathers regulated guns and who could own them when they thought it was necessary for public safety. the kind of things they thought was necessary we don't grow with anymore. they thought blacks shouldn't have guns and had disdiscriminatory gun laws. the founding fathers barred loyalists, people who refused to swear a loyalty to the revolution to own guns. we are talking about people exercising their freedom of conscious to think this was a bad idea to fight the strongest m
party, of course. >> eliot: this has been a fascinating education in the rules of governing. >> i'm glad you brought it up. the opportunity actually allowed democracy, small d., to work. >> eliot: this is where the two sides are bumping heads. my suspicion is that the republicans will cave on rates and say ok, we'll give you your tax breaks for the 98% but not vote to raise the debt ceiling try to use that. >> i think the president will insist as part of any agreement that we deem with the debt ceiling. the republicans can allow the tax cuts to proceed and say we're going to work on round two. the american public did not look kindly on the republicans holding the entire economy hostage. the fiscal cliff is bad, but not irretrievable. you can go into january and still put the pieces back together. as you know, defaulting on the debt is irretrievable thing. that's the economic equivalent of a nuclear weapon. that is a big dynamite compared to the fiscal cliff crew having said that, as they get to the year end, i think they'll say we'll vote to extend middle class tax cuts. our leverage is
Search Results 0 to 9 of about 10 (some duplicates have been removed)